Damon's meat in the middle system

Price came back to hit our trailing stop for a few pips. Much less than if I had just closed the trade out this morning before I had left. But, we had an interesting example of how to use the reversal trade, on the same daily chart. You will see that the current bar had a wick that was almost as long as the wick of the earlier bar. More importantly, price was rejected by resistance of the Super Trend indicator. This is another good use of this indicator. The time to enter would have been when price would have come down somewhere between the center of the wick of the previous bar and the top of the wick. I usually like to reverse back the same distance as the previous wick. This type of trade does take some improvisation, on the spot, in the moment. It would not have gotten you the full reversal from the very top, but it would still be giving you pips in a much safer manor. I find it hard to catch these reversals even when I am around the computer to trade, but I believe that my skills are improving.

Enjoy the chart, and of course I will ask any questions. Gosh this is fun Is everyone else out there having fun as well? I sure hope so!



Bundles of thanks, and make it a great day!

Good Evening...... It was quite the day. I just sat here and watched the 30m bar, and picked off pips like they were going out of style. Then tried to trade when I was on the phone and lost my gain for the day. You might think that I would have learned by now that if I cannot give 100% of my attention to trading, then I should not enter the market. It is fun to see price action slow down in one direction and speed up in the other.

Anyway, I expected that the pull back would stop today, and so I watched my three indicators, and entered on the 15m chart, and entered long when all were facing the same direction. The question is that I do not now how high GN will go today, or if it will break out of this range at all! The daily chart also gave me a whiplash signal, and more recently the 4hr.

Damn are we going to make some pips at will with this system. It is when I stray that I lose all of them.. lol

Enjoy the charts! I am around to answer any questions.....





Happy Trading and make it a great day!

Well, what does anyone think? Is it going to go all the way back up? We got a great entry with our system.

So, along with getting an entry on the 15m bar, we also had one on the 30m bar (hopefully it will close in our favor). We are then waiting to see if we will get one on the 1hr, then the 4hr, then all the way up to the daily. That would mean this turned into a real nice trade. However, there is no guarantee that this will happen. We could easily get a reversal right here, and we would watch for that on the lower TF's.

I am doing some more work to customize better the templates for the lower tf charts. Right now I just have the same settings for each and that is not right for the lower tf charts. They are playing a bigger role than I thought they would, especially with the ability to change the settings on the indicators.

It is also Friday, so might just be best to take profit if we get another nice run up and call it a week, and spend the rest of the day making this system even better than it already is. It sure has come a long ways in a short period of time. It is amazing the how laying out of your manufacturing plant can really show the inefficiencies and just the down right things that should not be there and need to be changed to something new, etc.

Hey, this is a good sign of something big to come. Both the 30m and the 1hr chart closed with are indicators switched to the long direction. It will take a bit more for the the 4hr bar to switch over however. That one might be a struggle. This nice long slow price action last night will really give me a way to set the lower tf indicators too. I will be working on that a little later this afternoon. And over the weekend. Hopefully by Monday, I will have these newly identified areas that are a little buggy, all worked out.

Something interesting happened, and I wonder how prevalent it is. After the 30m and 1hr bar indicators all closed long, against the indicators of the 4hr bar. There was an immediate pullback. I wonder if this is the natural act of the market in this situation, as perhaps that would have been a good place to tp of the position, and re-enter when price comes back down. It will be something that I will have to watch for and see if it is worth while to do this on a regular basis.

I pretty much trade EurNzd, and GbpNzd, if I was cornered and had to give an answer. I am a man of action, though I am unable of much action myself these days. So, What I have done, is I have optimized the templates for EN and GN so far. Because I obviously like sitting down at my computer and making trading, I am pleased to see how well the optimized templates for the 5m, 15m, and 30m, charts can bank some serious pips. Perfect for EN and GN. I will post them on the first page for you. Feel free to check them out. Equally, the 1hr, 4hr, and 1d templates also look very profitable. I think that you might be impressed.

I am going to work on more higher frame chart templates for a few other pairs as the only pairs I trade on the real short term is EN and GN. However, there are a few other charts worth adding and trading on the 4hr or daily bar. Since I will be making the templates for a few of these other pairs, I will also place those templates on the first post in case anyone is interested in them.

I am going to load those templates now for EN and GN now, so give me some time, and I will begin working on the rest.

FerruFx...... are you out there?

Yes as always!

... my email is still the same

Sounds good! I had a feeling that you were paying attention out there somewhere. Make it a great weekend.

Major update was performed to the first post.

Damn, why does there need to be a weekend in Forex! I JUST WANT TO TRADE!!!!!!!!!!!!!!!!

Update to the first post regarding how and when to use the templates.

I am going to look into an idea I have about a sl. Figuring out the sl can be challenging, and there are many philosophies. Just take a certain amount of pips, use a ts, use a two ma cross, use support and resistance (which is the best in a range), as well as many other ideas. It always seems that the time you choose one, you should have used the other. So, next time, you use that one, and your previous one would have been the best. Everyone knows what I am talking about.

Well, when I finish with my idea, I will post it. Then everyone will have the opportunity to reject it for themselves, use it for themselves, or even make it better, and share it back here with us.

With that said, it is time to get some sunshine. I believe that my system is ready to go for Monday with the exception of a fixed sl, but I will continue to work on that until I find one that offers me what I am looking for.

Thanks bundles, and make it a great weekend!

Alright.....

I have finished the templates for the 4hr and 1d charts only for EJ, EU, GA, GC, GJ, and GU, as these are the only other pairs I will be trading on the higher time frames with this system. As promised, I have added them on the 1st post with the other templates already there, as I want to share this wonderful system with everyone. When I stopped trading over a year ago to take a break as I knew I was very close to trading success, but, I did not know exactly what I was going to need when I decided to get back into it. Well, it took me little less than a month to figure it out. In many ways, this system almost reminds me of trading flags, except that the flags are identified through the agreement of three indicators rather than a trend line. This system will do everything for you except enter and exit your trade. Heck, it will even alert you that a trade opportunity is near. It might not be right for you, but it is 100% exactly what I need.

Also.....

Please... let's not forget the ever important Slingshot Trades, and the Zipper Trades. There explanations can be found on a thread I no longer do much with as I have combined everything into this thread. http://www.forexfactory.com/showthread.php?t=555004

The Whiplash Indicator which I have also included in the .zip file with the templates will alert you when a slingshot trade opportunity trade opportunity happens, and will give you a possible entry point right on the screen. I recommend putting this indicator on the 4hr and 1d charts only, and to only take trades that signal in the direction of our three main indicators, or at least the NLD.

There is no indicator for the Zipper trades, but again, they are a worth while and fun trade, and I also suggest trading them only on the 4hr and 1d bars in the direction of our three main indicators and at least the NLD.

That's it! See you Monday with hopefully some pictures of some trades!

Took a GA trade on the 4hr bar. At one time the NLD was also blue, but it has pulled back since than! I think I will stay away from trading short term until tomorrow AM. Now that I feel I have a complete system, I should have no need to make other types of trades based on my guess, or my intuition which is hardly ever right in Forex. I am excited where I will be going from here.



Go Packers!

Based on the looks of the 1d bar, I have every intention of holding this GA trade all day. Though, I am not going to marry myself to it. being married to just one thing or person is plenty enough!

Yes, I did just get confirmation on the GA trade on the ad chart, that also, the three indicators on the 1d chart have also turned in the favor or our trade. Though they could always change back as these indicators are dynamic until the bar closes, it does mean that it is time to tighten up the sl but quite a bit. Looks like we have a good trade in the making!

Since no one's responded except me here my question the 2 super trend indys are almost the same and I think they repaint and if that's the case you will get false signals almost all the time

Hey Divergence:

It is always a joyous occasion when you stop by. I am afraid that I don't understand what your question is.

I moved my GA trade to BE and I closed a short term EN trade for 50 pips of the 5 or 15m tf.. can't remember which one right now, as watching that game.